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Sep 30, 2012
09/12
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one where he will not extend the bush tax cuts for the wealthiest americans. so the fiscal cliff is going to be folded in some way into renegotiating the tax cuts and how they get extended. i think he'll say it's a no-go, i'm not going to extend the bush tax cuts, so either we can negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think there will be a little chicken game playing at the end of the year. what most people in washington likely think will happen is they'll negotiate some way to say here's a broad framework for what both sides want. let's work it out next year. >> sheila behr, i think americans are excited about the future. i'm glad people are feeling a little bit better about it, we all are. what has to happen so that a year if now we're not talking about the 9% versus the 1% and that there is some sense that banks are finally helping america move forward. >> it is your influence policies that jam the lens. the person they can get by lending into a still uncertain economy has. they can take
one where he will not extend the bush tax cuts for the wealthiest americans. so the fiscal cliff is going to be folded in some way into renegotiating the tax cuts and how they get extended. i think he'll say it's a no-go, i'm not going to extend the bush tax cuts, so either we can negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think there will be a little chicken game playing at the end of the year. what most people in washington...
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Oct 8, 2012
10/12
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and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert, heads to san francisco today with romney's poll numbers improving. >> they're looking very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under way. tomorrow is the last day to register to vote there. veronica? >> thank you. mitt
and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan....
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he would repeal the alternative minimum tax and repeal the estate tax. they said mitt romney's tax plan would cost $4.8 trillion over ten years. he said his plan would be paid for but to pay for those he would have to close loopholes and get rid of some tax deductions, he said, and tax credits, but he's repeatedly refused to say which deductions he would get rid of saying he would work with congress to make those decisions. also president obama said his plan would cut the deficit by $4 trillion. >> we all know that we've got to do more so i put forward a specific $4 trillion deficit reduction plan. it's on a website. you can look at all the numbers, what cuts we make and what revenue we raise. >> reporter: that estimate comes from the left leaning center on budget and policy priorities. 3.8 trillion to be exact over ten years. the president is counting money saved by letting the bush tax cuts expire for people making more than $250,000 a year, but he's also counting $1 trillion in savings over ten years by drawing down the wars in iraq and afghanistan. t
he would repeal the alternative minimum tax and repeal the estate tax. they said mitt romney's tax plan would cost $4.8 trillion over ten years. he said his plan would be paid for but to pay for those he would have to close loopholes and get rid of some tax deductions, he said, and tax credits, but he's repeatedly refused to say which deductions he would get rid of saying he would work with congress to make those decisions. also president obama said his plan would cut the deficit by $4...
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Oct 4, 2012
10/12
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we cut taxes for middle class families by about $3600. the rope is because i believe that we do best when the middle class is doing well. and by giving them those tax cuts, they had a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a compute fore their kid going off to college. >> the interest and the principal -- >> there are two more presidential debates and one vice presidential debate still coming up. >> who do you think won the debate? was there a clear winner? that is the question we are talking about this morning. we want to hear your thoughts an invite you to post them on our facebook page. we will share your comments throughout the morning. >>> other stories making headlines, a voter watchdog group says it has uncovered voter fraud in maryland. the group election integrity maryland claims it found evidence that some people registered to vote using the names of dead people or registered to vote twice in
we cut taxes for middle class families by about $3600. the rope is because i believe that we do best when the middle class is doing well. and by giving them those tax cuts, they had a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a compute fore their kid going off to college. >> the interest and the principal -- >> there are two more presidential debates...
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Oct 5, 2012
10/12
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the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: obama campaign advisers were even more blunt, accusing romney of being dishonest on the debate stage. but some of the president's supporters and liberal pundits are baffled by what they saw as a passive performance. >> i felt like he should have been more aggressive. >> i don't know what he was doing out there. he had his head down. he was enduring the debate, rather than fighting it. >> reporter: president obama could have new worries today when the monthly job numbers come out. economists predicted the unemployment rate could go from 8.1% to 8.2%. >> critical numbers. tahman bradley live for us. thanks, tahman. >>> and one other campaign note this morning. a film dramatizing the raid that killed osama bin laden will make its debut just two days before the election. the national geographic channel denies there was any political motivation. it says the air date was chosen to kick off the fall season. >>> american airlines is cancelling or dela
the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: obama campaign advisers were even more blunt, accusing romney of being dishonest on the debate stage. but some of the president's supporters and liberal pundits are baffled by what they saw as a passive performance. >> i felt like he should have been more aggressive. >> i don't know what he was doing out there. he had his head down....
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Oct 5, 2012
10/12
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build on wednesday's debate mitt romney changes course on his criticism of americans who pay no income taxes. >>> i said something that was completely wrong. >> meningitis outbreak. health officials rush to alert patients who may have been exposed to the deadly disease that's killed five people in sickened dozens more. >> i don't want this thing in my body. i feel like i want a cleanser. i want it out. get out of my body. >> and bin laden drama. a tv movie about the raid that killed osama bin laden is set to air two days before the presidential election. this is the "cbs morning news" for friday, october 5, 2012. "cbs morning ne good morning. good to be with you. i'm terrell brown. mitt romney is changing his tune about those controversial remarks concerning 47% of americans. last may speaking at a florida fundraiser romney said 47% of americans paid no federal income taxes and considered themselves victims and will support president obama. romney originally stood by his remarks and described them as not elegantly stated but in an interview with fox news last night romney had a different exp
build on wednesday's debate mitt romney changes course on his criticism of americans who pay no income taxes. >>> i said something that was completely wrong. >> meningitis outbreak. health officials rush to alert patients who may have been exposed to the deadly disease that's killed five people in sickened dozens more. >> i don't want this thing in my body. i feel like i want a cleanser. i want it out. get out of my body. >> and bin laden drama. a tv movie about the...
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goes over the so-called fiscal cliff in january, it will cost almost 90% of americans more in taxes for a total of $536 billion. taxes for a typical middle income family making 40 to $64,000 a year could go up by $2,000. >>> in california, governor jerry brown signed a bill that would allow half a million young illegal immigrants who qualify for the federal work permit program to obtain driver's licenses. >>> near hong kong at least 36 people were killed when a boat filled with holiday party goers collidewide a ferry and sank. it is the deadliest accident there in years. >>> a house in clam mouth falls, oregon, that was sold this summer turned out to be a meth lab. it had toxic chemicals 80 times. the family who bought the foreclosed house from the government got sick and now has few options. >>> the white house is lit up in pink to mark october as breast cancer awareness month. new york's empire state building is also bathed in pink. and even buckingham palace in london has gone pink to support the breast cancer awareness campaign >>> and now here's an early look at how wall street's g
goes over the so-called fiscal cliff in january, it will cost almost 90% of americans more in taxes for a total of $536 billion. taxes for a typical middle income family making 40 to $64,000 a year could go up by $2,000. >>> in california, governor jerry brown signed a bill that would allow half a million young illegal immigrants who qualify for the federal work permit program to obtain driver's licenses. >>> near hong kong at least 36 people were killed when a boat filled...
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yes, we do. >> reporter: biden says the superwealthy need to pay more in taxes. romney says that would kill jobs. susan mcginnis, cbs news, washington. >> jobs will be the focus of both candidates today when the labor department released the september jobs report later this morning. >>> 91 people in seven cities
yes, we do. >> reporter: biden says the superwealthy need to pay more in taxes. romney says that would kill jobs. susan mcginnis, cbs news, washington. >> jobs will be the focus of both candidates today when the labor department released the september jobs report later this morning. >>> 91 people in seven cities
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Oct 8, 2012
10/12
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poll tax, literacy test, bizarre registration hours. we passed the civil rights law to prevent that. the second city right not to have your vote canceled up by someone who is an illegal alien, and died, voting twice, or someone who does not even exist. that to file its your sole rights. we can do both. now, an obstacle to this is to reference the previous speaker on fast and furious, the eric holder justice department. they claim there is no voter fraud america. the clinical want to poll taxes. eric holder himself said that. they are suing any state that they can sing their voter i.d. lot is unconstitutional even and has been up held by the supreme court. so where are we with the lyrical the justice department? a complete stall. well, this is no accident. the president of the united states got his start with these issues. his first major political challenge chicago for barack obama was with a group called project vote, a voter registration effort that registered 135,000 people and illinois in '91 and '92. project vote was allied with an
poll tax, literacy test, bizarre registration hours. we passed the civil rights law to prevent that. the second city right not to have your vote canceled up by someone who is an illegal alien, and died, voting twice, or someone who does not even exist. that to file its your sole rights. we can do both. now, an obstacle to this is to reference the previous speaker on fast and furious, the eric holder justice department. they claim there is no voter fraud america. the clinical want to poll taxes....
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Oct 8, 2012
10/12
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plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday heads to san francisco today with romney's poll numbers improving. >> they're looking very good. i feel very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under way. tomorrow is the last day to register to vote there. veronica? >> thank you. mitt romney will deliver that major policy speech before noon eastern, but the obama campaign is issuing a preemptive strike with this new tv ad criticizing the republican candidate's past foreign policy faux pas. take a look. >> reckless. amateurish. that's what news media and fellow republicans called mitt romney's gaffe-filled july tour of england, israel, and poland, when our u.s. diplomats were attacked in libya,
plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday heads to san francisco today with romney's poll numbers improving. >> they're looking very good. i feel very good. >> reporter: after the debate, romney is...
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i am a tax cheat, i don't pay my taxes. if i'm walking down the street and someone has a gun to my head should a scoop protect me? >>lis: of course. yes. you got me both ways because is different. a firefighter for your home should come there and protect you and your children your family whether you pay the fee. the point is it is a fee, not a tax. just to make sure that your community is safe. that's all it is. $150? really? really? really? >> i'm pretty sure whatever reviewing court looks at it will find that the label does not rule the day. it is the effect, which is a levee, a charge, a charge on the taxpayers of california and they will pay it with a two-thirds majority vote. there has to a constitutionality and procedural constitutionality. >> if we allow this to lap in every town, can't they levee the fees all over the place if everything? >>lis: you go, taking it out of the public safety or public service which is where it belongs, you go to the public library, you get a book out, you are late on the book, you get a
i am a tax cheat, i don't pay my taxes. if i'm walking down the street and someone has a gun to my head should a scoop protect me? >>lis: of course. yes. you got me both ways because is different. a firefighter for your home should come there and protect you and your children your family whether you pay the fee. the point is it is a fee, not a tax. just to make sure that your community is safe. that's all it is. $150? really? really? really? >> i'm pretty sure whatever reviewing...
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Oct 4, 2012
10/12
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>> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut? because what he says, if it will -- it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the romney-ryan plan has never specified exactly what the loopholes they will close or how the math adds up, but they say it is not a $5 trillion tax cut because it has these other residual benefits. >> our coverage at wusa9.com continues. get more fact checks from "u.s.a. today" right there and see how a university of maryland professor helped in gauging the instant reaction. hear more from the candidates themselves. all that and more right now on the front page of wusa9.com. and of course we will have coverage the vice presidential candidates coming up with their debate which is one week from tonight. >>> ever
>> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut? because what he says, if it will -- it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the...
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Sep 30, 2012
09/12
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CNNW
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he wants to cut taxes, reduce regulations and streamline government. and looking at places from switzerland to singapore to dubai, you can see that being friendly to businesses and to tourists can produce an economic bonan bonanza. in some areas, like infrastructure, most agree that the government must act and the need is urgent. if you defer maintenance on your house, the house deteriorates and eventually you actually have to pay more. that is what we are doing with our infrastructure. rather than fix it now when borrowing costs are at historic lows, we are passing a much bigger bill to our children. as i mentioned earlier, the world economic forum ranks us 25th in the world in infrastructure, down from 5th only a decade ago. education may be more complex. just spending money isn't the answer. but the problem is clear. in the 1970s, america led the world in the number of college graduates. as of 2009, we're 14th among rich countries. and the jobs of the future will all require more education than in the past. or take federal funding for research and d
he wants to cut taxes, reduce regulations and streamline government. and looking at places from switzerland to singapore to dubai, you can see that being friendly to businesses and to tourists can produce an economic bonan bonanza. in some areas, like infrastructure, most agree that the government must act and the need is urgent. if you defer maintenance on your house, the house deteriorates and eventually you actually have to pay more. that is what we are doing with our infrastructure. rather...
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Oct 1, 2012
10/12
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the concept of automatically register in every one just as everyone we have to serve on a jury or pay taxes, very comfortable with that. one reason i'm incredibly comfortable with that is that in the 2018 election by think it was, 70 million people didn't vote and 80% of those people were unregistered seÓul registration is one of the biggest barriers to voting. also when we talk about things like purging people from voting rooms and about the provision about what's not being counted and people not being on the rule, a lot of that is directly related to the registration problem. so very comfortable with a voter registration. in terms of the mandatory voting its its local question and i think other countries do have mandatory voting just like the jury service or some people have to serve in the military in the compulsory service. one problem with it is i think we have a culture of liberty here in this country. so if we have mandatory voting i certainly think we would want to have a none of the above option so that people could exercise it. politically though we don't know if it is realistic.
the concept of automatically register in every one just as everyone we have to serve on a jury or pay taxes, very comfortable with that. one reason i'm incredibly comfortable with that is that in the 2018 election by think it was, 70 million people didn't vote and 80% of those people were unregistered seÓul registration is one of the biggest barriers to voting. also when we talk about things like purging people from voting rooms and about the provision about what's not being counted and people...
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Oct 5, 2012
10/12
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he wants to raise taxes as vice president biden blurted out they want to raise taxes by a trillion dollars more like 2 trillion by our calculations. he is laying out the same policies he has been talking about for the last four years. >>> scary story. an outbreak of a rare and deadly form of me think gmeningitis. >> it is scary. the death tole reaching 35. the cdc.gov says that number could go even higher. cases of fungal meningitis in 6 states indiana, virginia, maryland, north carolina and florida. a steroid commonly used for back pain has been linked to this outbreak. federal health officials are trying to contact thousands of people who received the steroid in the past three months. >> they are working with state and health department. they recalled loss of medication. they may have been exposed to find out if they are having symptoms and to instruct them to seek healthcare should they be ill. so it's possible we might identify other cases in the coming days. some things include chills, fever and nausea. >> to have a shot six days later you are fighting for your life and you lose your
he wants to raise taxes as vice president biden blurted out they want to raise taxes by a trillion dollars more like 2 trillion by our calculations. he is laying out the same policies he has been talking about for the last four years. >>> scary story. an outbreak of a rare and deadly form of me think gmeningitis. >> it is scary. the death tole reaching 35. the cdc.gov says that number could go even higher. cases of fungal meningitis in 6 states indiana, virginia, maryland, north...
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i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. that's not the case. i will not reduce taxes paid by high income americans. >> the fact is, if you low are the rates the way you describe, governor, it is not possible to come up with enough deductions and loop holes that only affect high income individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 bill
i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular...
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Oct 7, 2012
10/12
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romney wants another $5 trillion in tax cuts that he can't pay for. we're not going let that happen. >> no. >> reporter: the president has no public events today and is off celebrating 20 years of marriage with the first lady. the campaign announced a huge fund raising hall for september totaling $181 million. republicans have yet to report their september totals. >> we're in it to win it. >> yeah! >> reporter: ann romney dropped in on campaign volunteers in orlando this afternoon. >> and we got to win. we have to win. >> we are going win florida. i will predict that. >> thank you. >> a recent gallop poll shows a stagger -- staggering amount of younger voters might be sitting the election out. fifty% of the registered voters in the age group will vote next month. that number falls far below the tional average of 78%. in washington, mike emmanuel, fox news. >>> the news edge on maryland now where hundreds of students marched from langley park to the university of maryland in support of maryland's dream act. they trying to ramp up support for question 4
romney wants another $5 trillion in tax cuts that he can't pay for. we're not going let that happen. >> no. >> reporter: the president has no public events today and is off celebrating 20 years of marriage with the first lady. the campaign announced a huge fund raising hall for september totaling $181 million. republicans have yet to report their september totals. >> we're in it to win it. >> yeah! >> reporter: ann romney dropped in on campaign volunteers in...
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is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. this is a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks he says the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc headquarters today here in our studios, by the way, the markets reacted in a big way today as job news, stocks closed at the highest level today in nearly five years, as you sue, know, all too well. what does it mean? >> i think it was a good report in one sense in that the economy is continuing to add jobs, but it was not a great report. we need to continue to see better numbers than this. 150 or 200,000 new jobs created for the next few months to get us back to levels of much better unemployment. it is a start but not a good report. >> as we saw in andrea's set-up piece, the combination of the retired executive with the twitter account made some trouble fo
is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. this is a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks he says the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc headquarters today here in our...
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raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> there was a scandal in the world of professional speed skating. a u.s. skater admits he tampered with the skates of a competitor act aing on the orders of his coach. simon cho is a u.s. bronze medalist from vancouver olympics. he tampered with the skates prior to the world short trek championships in poland. the broken skate kept him out of the competition. his coach chun directed him to damage the skate. the coach is currently on leave during the investigation. >>> little girl in california who off aered her entire piggy bank to whoever stole her puppy now has her dog back. a yorky mix stolen from the child's home from san jose on monday. the girl is 10 years old and so very upset about her puppy that she started her own reward fund. firefighters an
raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> there was a scandal in the world of professional speed skating. a u.s. skater admits he tampered with the skates of a competitor act aing on the orders of his coach. simon cho is a u.s....
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biden charged team romney would hike middle class tax. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: the republicans jumped on that. buried by obama? >> vice president biden said just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> reporter: that's the kind of zinger sure to be heard at debate number one. i'm steve handelsman, nbc news, denver, colorado. >>> of course tonight nbc is going to have complete coverage of this first presidential debate. it will be anchored by brian williams along with the best political team in the business. it all starts at 9:00 p.m. eastern, 6:00 p.m. pacific. >>> elsewhere, a judge in pennsylvania has blocked the state's stricter voter i.d. law from taking effect this november. after weeks of protests, the ruling means voters in pennsylvania will not have to show a state approved i.d. to cast ballots on election day. the judge said he was con
biden charged team romney would hike middle class tax. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: the republicans jumped on that. buried by obama? >> vice president biden said just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> reporter: that's the kind of...
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don't like the tax policy numbers, find your own. there is a lot of that going on. >> in fairness i think what mitt romney said is defensible in the sense that, in fact, we have seen millions of people drop out of the labor force. if they hadn't dropped out and they seem to have because -- some is anyonie i aging but a l find jobs. that's a fair thing to say. >> he's on stage alan west who on friday suggests this was part of leftist radicalism at work and part of the chicago machine manipulating labor statistics. >> indeed. then there are the crazy people. >> that speaks volumes. >> he probably didn't pick the appearance knowing what the jobs figures would be. i think it's fair to say the economy has been bachltd obama doesn't have much to do with it. the president can't do that much to control the economy. but four years ago obama got to run saying, they drove it into the ditch, i can drive it out. then it turns out he can't. now the next guy gets to say, i can drive it out. he also can't drive it out, but this is the ritual every f
don't like the tax policy numbers, find your own. there is a lot of that going on. >> in fairness i think what mitt romney said is defensible in the sense that, in fact, we have seen millions of people drop out of the labor force. if they hadn't dropped out and they seem to have because -- some is anyonie i aging but a l find jobs. that's a fair thing to say. >> he's on stage alan west who on friday suggests this was part of leftist radicalism at work and part of the chicago machine...
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i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way, though, is that romney has said that he would actually pay for this reduced revenue is by capping itemized deductions, but still so few specifics. i mean, he floated the idea of capping deductions at 17,000 and then floated the idea of capping them at 25,000 or 50,000. don't voters deserve to know and need to know what it is going to be at this point? >> i think he's going to have to give more specifics, certainly. a debate may not be the best platform to give specifics because the answers are supposed to be short and, frankly, randi, he was able to get away with not giving many
i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way,...
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Oct 6, 2012
10/12
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>> he said for everybody, across the board. >> on top of the bush tax cuts? >> president obama during the debate said he is the one who is going to raise taxes by letting the bush tax cuts expire. >> but we just played two things back to back that do not match. >> look, he said all look, 20% across the board. i think there were two different things he was speaking about there. he has a very pro-growth policy. he has a policy to create 12 million jobs. >> so are you saying he misspoke in one of those? >> i'm not going to get into whether he misspoke or not -- what i know is he has said all along, 20% across the board for everybody, and that means everybody. to what specifically he was speaking there, i'm not exactly sure. but it's a clear choice what you have. we don't need to get caught up on the back and forth. he is going to put forward pro-growth jobs. and 7.8% is an anemic recovery. that is nothing to celebrate. i remember when president bush was criticized by president obama when i worked for him -- >> but for the past four years, republican have said sa
>> he said for everybody, across the board. >> on top of the bush tax cuts? >> president obama during the debate said he is the one who is going to raise taxes by letting the bush tax cuts expire. >> but we just played two things back to back that do not match. >> look, he said all look, 20% across the board. i think there were two different things he was speaking about there. he has a very pro-growth policy. he has a policy to create 12 million jobs. >> so...
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Oct 2, 2012
10/12
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ten, 90% of households will see a tax hike averaging $3,500. economists are warning if congress drives off what is so-called the fiscal cliff, there will be automatic tax increases and deep spending cuts on january 1st. >>> the federal mortgage task force is filing its first action against a major bank. the civil lawsuit against jpmorgan chase alleges massive fraud involving mortgage-backed securities. rather than a specific deal, the complaint focuses on improper practices through bear stearns, which jpmorgan chase acquired after it went bust. >>> american express is agreeing to refund $85 million to credit card customers. federal agencies say the company charged improper late fees and deceived credit card customers about old debts and new services. >>> there is a major recall from honda this morning. it affects 600,000 accords with v6 engines from 2003 to 2007. the power steering might come loose and leak fluid causing a fire. only one fire has been reported thus far. honda will replace the hoses for free but won't have replacement parts avai
ten, 90% of households will see a tax hike averaging $3,500. economists are warning if congress drives off what is so-called the fiscal cliff, there will be automatic tax increases and deep spending cuts on january 1st. >>> the federal mortgage task force is filing its first action against a major bank. the civil lawsuit against jpmorgan chase alleges massive fraud involving mortgage-backed securities. rather than a specific deal, the complaint focuses on improper practices through...
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Oct 5, 2012
10/12
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he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zero, i think, is wrong. and once you relax that assumption, then, all of a sudden, other things start to be possible. >> reporter: but it's hard to be sure about the impact of tax cuts on the economy, which is why the experts in congress and the treasury who are responsible for estimating the cost of tax changes generally ignore the impact of tax reforms on the entire economy. darren gersh, nbr, washington. >> susie: here on wall street, traders and investors were taking a fresh look at stock sectors today, assessing what a romney or obama win would mean for the markets. also a lot of talk about minutes from the latest fe
he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zero, i...
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Oct 3, 2012
10/12
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FOXNEWS
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but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will stay where they are, or come down. coming down is a possibility. the important part of this tax plan, is to remember, when you earn, say you earn $200,000 and you have $20,000 worth of deductions, so now you paying tax on $180,000. if you paid tax at 35 percent rate, obviously the rate will be below $35 percent because you do not pay on full $200,000. governor romney is saying reduce that rate and every dollar you earn offer the amount that uses up the tax deductions, you will pay the lowest rate on. it will encourage people to earn more money,
but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will...
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romney does want to cut tax rates. that would reduce revenue by nearly $5 trillion over 10 years. he says he would offset that loss by eliminating loopholes and deductions, but he has refused to say which ones leaving him open to attack by team obama. >> mitt romney's solution is he just decided there wasn't math involved in this problem, and that's absolutely crazy. >> reporter: while the president continues that fund-raising swing, mitt romney will deliberate blistering foreign policy speeches attacking the president on middle eastern policy. that is tomorrow. david? >> we'll be watching for that. david kerley on the campaign trail in florida. david, thank you. >>> i want to bring in our senior washington editor rick klein tonight, and, rick, let's take another look at that gallup poll we showed. a tighter race already. we know it's a rolling average and still reflect s voters asked before the debate and still could be on the move and all eyes on the crucial battleground states. in colorado where the debate was held, a university of denver poll showing the president holding on t
romney does want to cut tax rates. that would reduce revenue by nearly $5 trillion over 10 years. he says he would offset that loss by eliminating loopholes and deductions, but he has refused to say which ones leaving him open to attack by team obama. >> mitt romney's solution is he just decided there wasn't math involved in this problem, and that's absolutely crazy. >> reporter: while the president continues that fund-raising swing, mitt romney will deliberate blistering foreign...